SSAB Delivered the World’s First Fossil-Free Steel to Volvo Group

SEATTLE (Scrap Monster): Steelmaker SSAB announced that it has produced and delivered world’s first fossil-free steel. It is considered as an important milestone in the HYBRIT partnership with LKAB and Vattenfall.

The Swedish steelmaking firm’s Oxelosund plant had rolled out the first steel produced using the fossil-free HYBRIT technology in July this year. The steel reduced by 100% fossil-free hydrogen is now being delivered to Volvo Group. The partnership demonstrates how collaboration between industry leading companies results in reducing carbon emissions and building competitiveness for industries.

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Commenting on the achievement, Martin Lindqvist, President and CEO of SSAB stated that the world’s first fossil-free steel is a significant breakthrough for the company. Also, it demonstrates that the green transition could reduce the global carbon footprint of the entire steel industry. SSAB hopes that the milestone achievement could be an inspiration to others who wish to speed up the transition process, he added.

The company aims to demonstrate the technology on an industrial scale by 2026. The adaption of the technology has the potential to cut Sweden’s total carbon emissions by nearly 10% and that of Finland by approximately 7%. SSAB aims to covert Oxelosund facility to EAF by 2025.